What was the amount of personal saving last year

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Personal income amounted to $17 million last year. Personal current taxes amounted to $4 million and personal outlays for consumption expenditures, nonmortgage interest, and so forth were $12 million.

a. What was the amount of disposable personal income last year?
b. What was the amount of personal saving last year?
c. Calculate personal savings as a percentage of disposable personal income.

 

Reference no: EM13289908

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